Newsmaker of the week, LI Regional Economic Development Council

In a competition against nine other New York regions for funding to support economic development and job creation, Long Island this week was named one of four “Best Plan Awardees,” winning more than $101 million.

Don’t just call Long Island’s win an upset, it’s a New York Giants over the unbeaten, unbeatable, perfect season-chasing New England Patriots type of victory.

With New York City expected to be a shoo-in for funding and upstate regions so downtrodden it’d be a travesty not to award them economic development and job creation aid, even members of the Long Island council thought they’d be a long-shot for a best-plan win.

Instead, a five-member panel selected by Gov. Andrew Cuomo validated Long Island’s plan to invest in smart growth, technology and manufacturing, awarding the region $25 million in low-cost economic development financing for infrastructure and community revitalization efforts, $15 million in Excelsior Jobs Program tax credits for companies and projects that create and retain jobs, and more than $60 million for 60-plus projects Islandwide.

While this week is a time to celebrate Long Island’s good fortune, the money comes with great responsibility. Business leaders, developers and public officials now need to make sure Long Island follows through on its proposals. Our economic future depends on it.

The Long Island council proved that when the region comes together for a common goal, it achieves great things. Now, we all need to work together to make them happen.

One comment

Congratulations to Long Island for its
underdog achievement of winning the NYS
funding. Our region’s team delivered
leadership, planning, cooperation and
a persuasive proposal. Now we need to
execute our plans flawlessly.
– David C Pinkowitz . . http://www.dcpmarketing.com